First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Hits New 52-Week High – Should You Buy?

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) reached a new 52-week high during trading on Wednesday . The stock traded as high as $81.42 and last traded at $81.33, with a volume of 26437 shares traded. The stock had previously closed at $80.40.

First Trust NASDAQ Technology Dividend Index Fund Stock Up 0.5 %

The firm has a 50 day moving average price of $77.06 and a 200 day moving average price of $74.15. The stock has a market cap of $2.93 billion, a P/E ratio of 26.61 and a beta of 1.00.

First Trust NASDAQ Technology Dividend Index Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were paid a dividend of $0.2456 per share. This represents a $0.98 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend was Thursday, September 26th.

Institutional Trading of First Trust NASDAQ Technology Dividend Index Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Fifth Third Bancorp raised its stake in First Trust NASDAQ Technology Dividend Index Fund by 138.9% during the 2nd quarter. Fifth Third Bancorp now owns 454 shares of the company’s stock valued at $34,000 after purchasing an additional 264 shares during the period. 1620 Investment Advisors Inc. bought a new stake in First Trust NASDAQ Technology Dividend Index Fund during the 2nd quarter valued at approximately $47,000. Creekmur Asset Management LLC bought a new stake in First Trust NASDAQ Technology Dividend Index Fund during the 4th quarter valued at approximately $68,000. Centaurus Financial Inc. bought a new stake in First Trust NASDAQ Technology Dividend Index Fund during the 2nd quarter valued at approximately $107,000. Finally, International Assets Investment Management LLC bought a new stake in First Trust NASDAQ Technology Dividend Index Fund during the 2nd quarter valued at approximately $143,000.

First Trust NASDAQ Technology Dividend Index Fund Company Profile

The First Trust NASDAQ Technology Dividend Index Fund (TDIV) is an exchange-traded fund that is based on the NASDAQ Technology Dividend index. The fund tracks a modified dividend-weighted index of US-listed technology companies that pay regular dividends. TDIV was launched on Aug 14, 2012 and is managed by First Trust.